Ministry of SMEs and Startups Introduces Voucher for Gradual Enhancement of Technology Protection Levels

2024 Technology Protection Voucher Support Project Announcement
Reducing the Burden on Technology Protection Startups

The Ministry of SMEs and Startups announced on the 29th that it will introduce a 'Technology Protection Voucher' that allows small and medium-sized enterprises to freely utilize various technology protection supports according to demand and rapidly advance their protection levels.

By participating in the 'Technology Protection Voucher Support Project,' companies can freely receive support of up to 90%, with a maximum of 100 million KRW, at any time for security and legal consulting, system establishment and advancement, software license purchase and renewal costs, etc.

[Image source=Yonhap News]

This project classifies companies into three stages?beginner, promising, and leading?based on their technology protection scores, and increases the subsidy rate for beginner companies to reduce the initial adoption burden. Additionally, through annual reassessment, the support limit is extended up to three years as companies grow into promising and leading companies, promoting gradual improvement in their technology protection levels.

In particular, more than 40% of newly selected companies will be innovative startups and companies possessing national strategic technologies, and companies within seven years of establishment will receive an additional 10 million KRW limit and a 10% increase in the subsidy rate as preferential treatment.

Companies and institutions seeking detailed information about the 'Technology Protection Voucher Support Project' can check it through the Technology Protection Fence website.

This content was produced with the assistance of AI translation services.